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BPDPKS reported 2022 palm oil export levy receipts of IDR 34.5 trillion, down 51.84% from IDR 71.64 trillion in 2021. The drop was attributed to the government's April-May export ban on crude palm oil and derivatives and a zero levy period lasting until November 15.
The export ban and zero-levy period removed palm oil supply from world markets for months, a disruption that supported global vegetable oil prices in 2022.
voi.idIssa AlmawadiDec 22, 2022After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
